Month: May 2022

The Financial Accounting Standards Board voted to add a project to its technical agenda on accounting for financial instruments with environmental, social and governance-linked features and regulatory credits. During a meeting last Wednesday, FASB discussed the research its staff had done on items to add to its agenda after a consultation with stakeholders last year.
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To ensure the functioning of its internal market, the European Union (EU) sets a minimum excise duty on cigarettes. It consists of a specific component and an ad valorem component, resulting in a minimum overall excise duty of €1.80 (US $2.13) per 20-cigarette pack and 60 percent of an EU country’s weighted average retail selling price
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Over the past decade, the state tax landscape has grown increasingly competitive as policymakers have sought to attract investment and promote economic opportunity and growth in their states. The past two years in particular have seen an extraordinary increase in tax reform efforts, given states’ strong revenue growth despite the pandemic and policymakers’ desire to
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The Internal Revenue Service has updated its frequently asked questions page on the 2021 Earned Income Tax Credit, with new information on using prior tax years to calculate the EITC. In 2021, more people without children were able to qualify for the EITC, thanks to a provision in the American Rescue Plan Act. In addition,
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Jake and Deborah Anderson-Bialis, pictured with their children, started fertility education site FertilityIQ after spending about $70,000 to have their children. Melissa Schmidt, FertilityIQ’ As employers try to entice new workers and keep the ones they have, more are turning to fertility benefits. In fact, the trend has been moving upward for the past couple
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When the U.S. Supreme Court’s 2013 United States v. Windsor ruling granted married same-sex partners federal benefits for the first time, Rosalind Sutch sprang into action. A shareholder (and now chief growth officer) at Philadelphia-based Regional Leader firm Drucker & Scaccetti, Sutch envisioned offering a valuable service. “I went to my partners and made a
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Accounting software provider Sage announced its first global marketing campaign since its rebranding in April. The campaign focuses on real-life customers to emphasize the company’s support for small and midsized entities. … Cloud software company Bill.com announced the winners of its award and business development program “Grow.” Twenty winners were chosen from 31,000 applicants, who
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Prathanchorruangsak | Istock | Getty Images Whether you’re a current employee or changing jobs, you may need to choose between pre-tax and Roth 401(k) contributions, and it may be trickier than you expect. Here’s the difference: Pre-tax 401(k) deposits reduce your adjusted gross income, and the money grows tax-deferred, meaning you’ll pay levies on withdrawals.
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Did you ever have one of those days at work? We’ve all been there when we can’t figure out if it’s Murphy’s Law or if we were born under a bad sign. Sometimes all you can do is laugh. It’s no wonder why #workfails is always popular across so many social media platforms. Small business
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The Great Resignation, COVID-19 pandemic and economic uncertainty are transforming the marketplace and forcing companies to continue to adapt. Among these changes is the shifting relationship between employers and employees, who are now expecting much more when it comes to flexibility, career pathing, total rewards, and corporate culture. Adding to the complexity is the disproportionate
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Bloomberg | Bloomberg | Getty Images One of the best car-shopping weekends pre-pandemic is more of a dud these days. Amid the auto industry’s manufacturing challenges due to persisting supply-chain issues, Memorial Day sales are generally minimal to nonexistent this year. “It’s looking pretty bleak, to be straightforward about it,” said Ivan Drury, senior manager
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